Markets

Key Items That Have Been Removed From Finance Bill, 2024

June 18, 2024
1,010 1 minute read
Key Items That Have Been Removed From Finance Bill, 2024

The Kenya Kwanza Parliamentary Group made adjustments to the Finance Bill for 2024/2025 at a media briefing on Tuesday morning, subsequent to their gathering at State House.

Following the group’s meeting, Kimani Kuria, Chair of the Finance Committee, said in response to public input, the government had trimmed down the proposed taxes.

Kuria made clear that the suggested Eco Levy would solely be applicable to imported finished goods, with exemptions for items manufactured within Kenya.

He specified that domestically made diapers and sanitary pads would be exempt from this levy.

Motor Vehicle Tax

In a bid to alleviate the effects of the escalating cost of living, the committee also confirmed the elimination of the proposed tax hike on mobile transactions from the bill.

Also Read: Report Reveals What CEOs Plan to Do Should Finance Bill 2024 Become Law

The government also agreed to abandon controversial tax proposals intending to raise VAT on bread by 16%.

Later today, Parliament will be presented with a report that excludes the disputed motor vehicle circulation tax.

Moreover, the government intends to decrease proposed taxes on cooking oil to ensure affordability for the Kenyan populace.

June 18, 2024
1,010 1 minute read
Monitor Your Business Transaction
Photo of Lawrence Baraza

Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.

Related Articles

Record SportPesa Mega Jackpot winner Bonnie Kamau unveiled in Nairobi

Record SportPesa Mega Jackpot winner Bonnie Kamau unveiled in Nairobi

4 days ago
What it Means as Treasury Blocks KRA from Using Tax Refunds to Offset Dues

What it Means as Treasury Blocks KRA from Using Tax Refunds to Offset Dues

4 days ago
How Kenya’s Qhala is Helping Govt Drive Digital Transformation Through Data and Innovation

How Kenya’s Qhala is Helping Govt Drive Digital Transformation Through Data and Innovation

4 days ago
Metropol: Invest in Data, Tech to Curb Cyberattack Losses

Metropol: Invest in Data, Tech to Curb Cyberattack Losses

4 days ago

1,010 Comments

  719. Due to inflation in the country, these above-mentioned rates may vary from city to city. Before buying any type of marble please check rates from your local market. Do let us know if you notice any change in its prices. Teen Patti Gold is an Indian style card game that has become increasingly popular in recent years. It is a three-card game that is based on the traditional Indian game of Teen Patti. It is also known as Flash or Flush. In Teen Patti Gold, each player is dealt three cards face down. Players then take turns betting on who has the highest hand. The game is over when all players have either folded or called for the highest bet. Top-up your favorite game credits on Game Kinley (গেমকিনলে), your trusted online digital games store. Buy online securely via bKash, Nagad, and Rocket. It’s the most secure and reliable website in Bangladesh.
    https://grovly.com/balloon-game-review-the-exciting-smartsoft-experience-for-indian-players/
    BGaming’s Space XY provides some typical features for the games of this category. Let’s take a look at them: As skilled gamblers, we understand that no person space XY sport strategy can provide a hundred% guaranteed achievement. when you consider that the sport is based on randomness, you can’t predict the maximum multiplier so one can appear in the subsequent round. In terms of enhancing the possibilities of receiving larger payouts, the strategies we’ve defined can be helpful. What’s greater, you can utilize distinct strategies, integrate them, and get hold of priceless experiences and incredible emotions. Due to its unique design, the game doesn’t have bonuses or playlines. In this game, players stake for the subsequent round and wait until the rocket has gone on various adventures to collect their winnings. 

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button